ASX-WPR Energy Real Estate

Waypoint REIT Limited (ASX:WPR) Launches $50M Buyback and OTR Conversions

ClubAI 1:44 pm

On-Market Buyback

Waypoint REIT has announced its intention to commence an on-market buyback of up to $50 million of WPR securities. The timing and number of securities purchased will depend on market conditions and the security’s market price. The company believes the buyback will enhance securityholder value and is expected to be accretive to Waypoint REIT’s Distributable EPS and NTA per security. If completed in full, the buyback will leave Waypoint REIT with approximately $100 million in liquidity. The buyback will commence no earlier than Wednesday, 23 April 2025.

OTR Conversions

Waypoint REIT continues its engagement with Viva Energy Australia regarding the conversion of its fuel and convenience network to the “On The Run” (OTR) format. Viva Energy plans to add 40 to 60 OTR stores in 2025, aiming to convert about 50% of its Express network by 2028. Currently, Waypoint REIT has provided landlord consent for 14 planning applications and completed four conversions. The company does not anticipate providing significant funding for conversions in the 2025 financial year.

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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